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Sasha Iyamu

sio@eliteservicesct.com +1(203) 231-4921

$ 9,500,000

Est. payment -/mo

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Active

5221 Flatlands AVE Brooklyn, NY 11234

UPDATED:

02/23/2025 07:07 AM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY807492

Originating Board onekey2

Rental Info No

Year Built 2009

Annual Tax Amount $128,531

Property Sub-Type Multi Family

Property Description

Located in the Old Mill Basin Section of Brooklyn. Wonderful Brick 24 Unit fully occupied. LOTS OF POTENTIAL. Viewing By appt. 16 Parking spots below building. Tenants pay All utilities except water. Separate HVAC units and Hot water tanks. 15 Year Tax abatement expired. Low common area expenses. Great for Investor 1031 exchange. Projected Potential income parking income (16) $67,200 yr ($350per) Storage units (10) $33,000yr ($275 per) Laundry Room $9k yr($750 Outsourced Mthy) Total Additional Potential income $109,200 NOI $478,505 Proj. cap 5

Location

State NY

County Kings (brooklyn)

Rooms

Basement None

Interior

Heating ENERGY STAR Qualified Equipment, Forced Air, Hot Air

Cooling Central Air, ENERGY STAR Qualified Equipment, Separate Meters

Fireplace No

Exterior

Parking Features Underground

Fence Front Yard

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick,Cedar,Foam Insulation,Frame

Schools

Elementary Schools Ps 236 Mill Basin

Middle Schools Jhs 78 Roy H Mann

High Schools Midwood High School

School District Brooklyn 22

Others

Special Listing Condition Real Estate Owned

Listed by Blue Key Real Estate Brokerage